Finnish Ponsse Sales up 22,7% to EUR 163,5 Million
04. Finnish Ponsse group of companies, specialized in timber machinery and tractors manufacture reported sales up 22,7% to EUR 163,5 million. The company’s earnings, after all the taxes and necessary payments paid, reached EUR 13,1 million, annual corporate report says.
Mar 16, 2004. /Lesprom Network/. Finnish Ponsse group of companies, specialized in timber machinery and tractors manufacture reported sales up 22,7% to EUR 163,5 million. The company’s earnings, after all the taxes and necessary payments paid, reached EUR 13,1 million, annual corporate report says.
Exports earnings accounted for 56,9% (57,8% in 2002) of the total sales. In 2003 the enterprise exported 242 new machines, up 21% compared with the prior period in 2002. A slight decline in exports earnings was primarily caused by the decline of USD exchange rate to EUR